Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) Sees Significant Drop in Short Interest

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 133,300 shares, a decrease of 22.0% from the September 30th total of 170,900 shares. Based on an average daily trading volume, of 206,300 shares, the short-interest ratio is presently 0.6 days.

Virtus Global Dividend & Income Fund Stock Performance

Shares of ZTR stock traded down $0.08 on Friday, hitting $5.91. The stock had a trading volume of 477,750 shares, compared to its average volume of 251,700. Virtus Global Dividend & Income Fund has a one year low of $4.64 and a one year high of $6.21. The business has a 50 day moving average price of $6.02 and a 200 day moving average price of $5.68.

Virtus Global Dividend & Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.60 annualized dividend and a yield of 10.15%.

Institutional Investors Weigh In On Virtus Global Dividend & Income Fund

Institutional investors have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. boosted its position in Virtus Global Dividend & Income Fund by 9.6% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 34,371 shares of the investment management company’s stock valued at $189,000 after buying an additional 3,011 shares during the last quarter. Cetera Advisors LLC acquired a new position in Virtus Global Dividend & Income Fund in the first quarter valued at approximately $1,066,000. SeaCrest Wealth Management LLC boosted its position in Virtus Global Dividend & Income Fund by 8.4% in the 1st quarter. SeaCrest Wealth Management LLC now owns 59,755 shares of the investment management company’s stock worth $333,000 after purchasing an additional 4,640 shares in the last quarter. Sculptor Capital LP acquired a new stake in shares of Virtus Global Dividend & Income Fund during the 2nd quarter worth approximately $2,482,000. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Virtus Global Dividend & Income Fund by 8.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 52,288 shares of the investment management company’s stock valued at $285,000 after purchasing an additional 4,024 shares in the last quarter. Institutional investors and hedge funds own 47.14% of the company’s stock.

About Virtus Global Dividend & Income Fund

Virtus Global Dividend & Income Fund Inc is a closed-ended balanced mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc, Kayne Anderson Rudnick Investment Management LLC and Newfleet Asset Management, LLC. It invests in the public equity and fixed income markets of the United States.